stocks

Stories 241 - 260 | << Prev   Next >>

Goldman Up Whopping 76% in 3rd Quarter

Bear Stearns drops 61% on mortgage fund losses

(Newser) - Two financial giants posted dramatic earnings this morning: Goldman Sachs wowed investors with a 79% surge in third quarter net income, while Bear Stearns’ dropped 61% thanks to massive hedge-fund losses. The two were on opposite sides of the subprime collapse. Bear Stearns is among the top packagers of mortgage-based...

Dubai Buys Nasdaq, LSE Shares
Dubai Buys Nasdaq, LSE Shares
Sep 20, 2007 8:01 AM CDT

Dubai Buys Nasdaq, LSE Shares

Oil-rich emirate looks to diversify, picks up 20% of big indexes

(Newser) - Dubai will buy substantial stakes in two stock markets in an attempt to diversify its holdings beyond petroleum, Bloomberg reports. Borse Dubai, the emirate's investing arm, will acquire almost 20% of the Nasdaq and 28% of the London Stock Exchange. The Nasdaq purchase includes a deal for a Norwegian exchange...

Market Still Partying After Cut
Market Still Partying After Cut
Sep 19, 2007 9:36 AM CDT

Market Still Partying After Cut

Rallies continue off of big Federal Reserve rate slash

(Newser) - Wall Street kept the party going today, as the Federal Reserve’s half-point rate cut kept pushing stocks up. Financials even shrugged off disappointing earnings from Morgan Stanley, which posted a more-than-expected 17% drop in net income for the quarter, the Wall Street Journal reports. The Dow rose 58.04...

Asia Stocks Surge After Fed Cut
Asia Stocks Surge After Fed Cut
Sep 19, 2007 5:00 AM CDT

Asia Stocks Surge After Fed Cut

Prices soar to highest levels in a month

(Newser) - Asian stocks rebounded after the US Federal Reserve announced a half point cut in its key lending rate in a bid to bolster growth and avoid a consumer spending slowdown. Toyota, Samsung Electronics and Honda, among those companies with the most to lose from a loss of consumer confidence, led...

Fed Slashes Benchmark Rate
Fed Slashes Benchmark Rate
Sep 18, 2007 2:05 PM CDT

Fed Slashes Benchmark Rate

Larger-than-anticipated drop drives stocks up, dollar down

(Newser) - The Federal Reserve aggressively cut its benchmark rate today, dropping the federal funds rate a half-point to 4.75%. The larger-than-expected cut was “intended to help forestall” the ballooning credit crisis, the central bank said in a statement. The cut in the key interest rate, the first in 4...

British Bank Rebounds as Panic Wears Off

Financial stocks see gains on Northern Rock guarantees

(Newser) - As the lines of people waiting to make withdrawals from Northern Rock bank dwindled today, the British lender’s stock rose, bringing with it other hard-hit British financials. Northern Rock's huge losses in the mortgage market sparked a sell-off, drawing emergency funds from the Bank of England. But the government's...

Asian Markets in Sharp Slide
Asian Markets in Sharp Slide
Sep 18, 2007 6:02 AM CDT

Asian Markets in Sharp Slide

(Newser) - Asian stocks fell yet again today as the subprime mortgage crisis continued to reverberate across global markets. The latest dip came when E*Trade Financial Corp and Bank of America announced the credit crisis was hurting earnings, Bloomberg reports. The biggest fear is that the rising cost of credit will halt...

Bank Meltdown Wallops the British Market

Thousands still lining up outside branches; spiral could hurt PM

(Newser) - Shares of British mortgage lender Northern Rock crashed again today, causing heavy losses in other banks and deflating the FTSE 100 index by more than 100 points by midday. The bank's stock fell 36%, bringing the loss to 78% of its value in the past year. The spreading malaise is...

Stocks in Holding Pattern With All Eyes on Fed

Hands wring over Fed and consumers

(Newser) - Stocks marked time today, settling into an eerie calm before next week’s nail-biter Fed decision on interest rates. Investors mulled conflicting consumer data: The University of Michigan/Reuters consumer-sentiment survey announced a rise to 83.8, but August retail growth was less than expected. The confusion amounted to modest gains...

Market Rallies on Corporate Gains, Labor News

GM, McDonald's bolster stocks

(Newser) - US stocks rallied today, with blue chips and Countrywide Financial at the helm. A General Motors' analyst upgrade and  a higher-than-anticipated dividend at McDonald's helped drive the Dow up 133.23 points, to 13,424.88. Countrywide rose 14% on news that the battered lender has lined up $12 billion...

Jitters Drive Most Stocks Downward
Jitters Drive Most Stocks Downward
Sep 12, 2007 4:20 PM CDT

Jitters Drive Most Stocks Downward

Bad news from Texas Instruments, high crude prices quash optimism

(Newser) - Stocks fell today, with investors shying away from tech after Texas Instruments slashed its sales forecast. NYSE losers outpaced winners 9 to 7, the Dow dropped 16.74 to 13,291.65, the Nasdaq fell 5.40 to 2,592.07, and the S&P held steady. “We had...

Nikkei Falls After Abe Steps Down
Nikkei Falls After Abe
Steps Down
Sep 12, 2007 7:21 AM CDT

Nikkei Falls After Abe Steps Down

Mining and energy stocks rise but can't stem tide

(Newser) - A jump in the price of copper boosted mining and energy stocks in Asia, but Japan's Nikkei index fell nonetheless after news hit of PM Shinzo Abe's resignation. Some investors say the change will be good for Japanese markets in the longer term, however. "Abe was an ineffective prime...

After Wild Day, Stocks Stand Still
After Wild Day, Stocks Stand Still
Sep 10, 2007 4:35 PM CDT

After Wild Day, Stocks Stand Still

Dow is up, Nasdaq and S&P are down, all eyes are on the Fed

(Newser) - Wall Street was volatile today, with the Dow swinging in a 160-point range as investors combed speeches from Federal Reserve members for rate-cut clues. But the index ended up rising only 14.47 points, to 13,127.85, while the S&P and Nasdaq fell 1.85 and 6.59...

Stocks Plummet on Jobs Report
Stocks Plummet on Jobs Report
Sep 7, 2007 4:02 PM CDT

Stocks Plummet on Jobs Report

(Newser) - The Dow lost more than 1.5% of its value, or 249.97 points, to close at 13133.38 after a devastating report showed that 4,000 jobs were lost in August, the first increase in unemployment in four years. Wall Street had anticipated job growth, and the numbers prompted...

Hemlines Drop; Are Stocks Next?
Hemlines Drop; Are Stocks Next?
Sep 7, 2007 1:16 PM CDT

Hemlines Drop; Are Stocks Next?

Fashion Week's modest looks may spell trouble for investors

(Newser) - If a popular adage about style and stocks holds up, New York's Fashion Week spells trouble for investors. The spring collections on display in the Bryant Park tents this week presented more modest looks, Reuters reports, with many knee-length or lower dresses and skirts. That may mean rough going if...

Stocks Rise as Traders Find Signs for Optimism

Spending, productivity outpace estimates

(Newser) - US stocks rose today, Bloomberg reports, boosted by news that back-to-school and luxury shopping outpaced forecasts, along with a spike in worker productivity and a slowdown in labor costs. The Dow climbed 57.88 to 13,363.35. The Nasdaq gained 8.37 to finish at 2,614.32, and...

Stocks Plummet in Worldwide Selloff

After 3 days of good news, markets fall again

(Newser) - After 3 days of good news, stocks took a plunge today. “There’s a whole litany of negative news,” said one analyst. “Bodies keep washing ashore" from the subprime crisis. The Dow lost 143.39 to close at 13,305.47, with the S&P 500 down...

Energy, Techs Give Stocks a Jolt
Energy, Techs Give Stocks a Jolt
Sep 4, 2007 4:25 PM CDT

Energy, Techs Give Stocks a Jolt

Traders still confident that Bernanke will cut rates; GM leads upward trend

(Newser) - Tech and energy stocks led a rally at the end of today's session on Wall Street, as rumors of an interest-rate cut multiplied and traders examined indications that earnings would outpace prices in the two sectors. GM was up 6.1% as the Dow jumped 91.12 to 13448.86,...

Asian Markets Stumble on Political News

Subprime turmoil now a given; traders await central banks' moves

(Newser) - In the wake of the Japanese agriculture minister's resignation, Asian markets stumbled today ahead of uncertain US economic data. For a change, analysts didn't point to the subprime crisis to account for the Nikkei's 0.5% slide: "After all, investors have got used to news on subprime issues,"...

Wall Street Up, Up, and Away for Holiday Weekend

Investors thank Bush, Bernanke for gains

(Newser) - On the eve of the holiday weekend, the major markets jumped today, riding encouraging comments by President Bush and Ben Bernanke to broad advances that pushed their monthly gains above 1%. The Dow, which saw 28 of 30 stocks rise, finished up 119.01 points, closing at 13,357.74....

Stories 241 - 260 | << Prev   Next >>